Under protection laws created to protect consumers from illegal practices by collectors, our process was built to assist consumers within the validation process. The most powerful tool under the federal Fair Debt Collection Practices Act is the right to demand that a collector reporting information to the credit bureaus prove the account is really your responsibility and that the balances are accurate, we assist with exercising that legal right. Within this process, we focus on putting a halt on harassing phone calls and collection calls. Several laws are utilized throughout the process to assist in invalidating the debts legally with the collectors.
Under the U.S. Constitution, you have the ability to relieve all or part of your debts when you can no longer meet your obligations to creditors and lenders. This allows an individual or married couple to get alleviation from burdensome consumer debt incurred for family, household, or personal purposes. There is no “perfect” time for filing bankruptcy but we help our clients decipher the best choice for them by clearing up any confusion and overcome any fear by informing them a second financial chance in life awaits them.
Power of Attorney
A power of attorney is a legal document giving one person the power to act for another person. The agent can have broad legal authority or limited authority to make legal decisions about the person's property, finances or medical care. The power of attorney is frequently used in the event of a person's illness or disability, or when the person cannot be present to sign necessary legal documents for financial communications. Most power of attorney documents allow an agent to represent the person in all property and financial matters as long as the person’s mental state of mind is upright. If a situation occurs where the person becomes incapable of making decisions for him or herself, the Personal of Attorney agreement would automatically end.
Buy/ Sell Agreement
This agreement is a binding contract between co-owners that control when owners can sell their interest, who can buy an owner's interest, and what price will be paid. These agreements come into play when an owner retires, goes bankrupt, becomes disabled, gets divorced, or dies. In other words, a buy-sell agreement is a sort of prenuptial agreement between business co-owners. Mainly these agreements guide buyouts between the owners themselves.
A promissory note is a financial tool that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date. A promissory note typically contains all the terms pertaining to the indebtedness, such as the principal amount, interest rate, maturity date, date and place of issuance, and issuer's signature. A promissory note is used for mortgages, student loans, car loans, business loans, and personal loans between family and friends. If you are lending a large amount of money to someone, then you may want to create a promissory note.
The formation of a new corporation. Incorporation is a loose umbrella term that covers a variety of options for legally structuring your business. All business incorporations must be filed with your state government. Filing for incorporation is not a difficult process, but it can be a lengthy one.
Nonprofit corporations have an exemption from corporate income taxes on profits from activities that are related to their organizational purpose. A nonprofit is permitted to raise funds by receiving public and private grant money and donations from individuals and companies. Any money that's left after the organization has paid its bills is put back into the organization.
Fictitious Name or DBA
Sometimes a company will do business under a different name. To do this, the company has to file what's known as a DBA, meaning "doing business as." A DBA is also known as a "fictitious business name," "trade name," or "assumed name." The main benefit of filing a DBA registration is to keep in compliance with the law. For sole proprietors, a DBA lets them use a typical business name without creating a formal legal entity.
Limited Liability Company- LLC
A limited liability company (LLC) is a corporate structure whereby the partners of the company cannot be held personally liable for the company's debts or liabilities. An LLC can elect to be treated either as a partnership or as a corporation for federal income tax purposes.
Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. the partners are jointly and severally liable for the debts of the firm. If a partnership does not have a partnership agreement in place when it dissolves, the guidelines of the Uniform Partnership Act and various state laws will determine how the assets and debts of the partnership are distributed.